Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Down 6.1% in March

Okeanis Eco Tankers Corp. (NYSE:ECO) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 59,900 shares, a decrease of 6.1% from the March 15th total of 63,800 shares. Based on an average daily volume of 55,500 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Okeanis Eco Tankers in a report on Tuesday. They issued a “buy” rating and a $38.00 target price for the company.

Institutional Trading of Okeanis Eco Tankers

Several large investors have recently modified their holdings of ECO. Wexford Capital LP acquired a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth approximately $236,000. Glenorchy Capital Ltd bought a new position in Okeanis Eco Tankers during the 4th quarter valued at $678,000. UBS Group AG purchased a new position in shares of Okeanis Eco Tankers in the 4th quarter worth about $781,000. Hsbc Holdings PLC bought a new stake in Okeanis Eco Tankers in the 4th quarter valued at about $804,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter valued at about $1,250,000.

Okeanis Eco Tankers Price Performance

Okeanis Eco Tankers stock opened at $30.60 on Thursday. The firm has a 50 day moving average price of $30.02. Okeanis Eco Tankers has a 1 year low of $20.00 and a 1 year high of $32.46.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $91.67 million during the quarter.

Okeanis Eco Tankers Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 8th.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.